BTG Hotels(SH:600258)2023-10-29 16:00Financial Performance - The company's operating revenue for Q3 2023 reached ¥2,302,517,070.56, a 52.76% increase compared to ¥1,507,268,562.52 in the same period last year[13] - Net profit attributable to shareholders was ¥404,225,693.29, representing a significant increase of 609.49% from ¥52,902,121.16 year-on-year[13] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥391,528,263.13, up 907.65% from ¥38,855,475.83 in the previous year[13] - The basic earnings per share for Q3 2023 was ¥0.3620, a 611.20% increase from ¥0.0474 in the same quarter last year[13] - The company achieved a net profit attributable to shareholders of 404.23 million RMB in Q3 2023, a year-on-year increase of 347.25 million RMB[25] - The company’s total profit for the first nine months of 2023 was 960.49 million RMB, an increase of 1.41 billion RMB year-on-year[31] - The company reported a total profit of CNY 960,489,366.19 for the first three quarters of 2023, compared to a loss of CNY 454,037,338.11 in the same period of 2022[66] - Net profit attributable to shareholders of the parent company for the first three quarters of 2023 was CNY 684,657,863.32, recovering from a loss of CNY 327,877,415.80 in the same period of 2022[68] Revenue Growth - The company’s total revenue for the first nine months of 2023 was 5.91 billion RMB, a 53.98% increase compared to the same period last year[31] - The company’s hotel business revenue for the first nine months of 2023 was 5.53 billion RMB, up 49.85% year-on-year[31] - Total operating revenue for the first three quarters of 2023 reached CNY 5,910,651,968.98, a significant increase of 54.0% compared to CNY 3,838,697,762.71 in the same period of 2022[62] - The company's operating revenue for the first three quarters of 2023 reached ¥213,852,791.67, a significant increase from ¥83,364,206.16 in the same period of 2022, representing a growth of approximately 156.5%[82] Cash Flow and Assets - The company reported a net cash flow from operating activities of ¥3,378,064,572.17, a 203.93% increase compared to ¥1,115,564,400.09 in the same period last year[13] - Cash flow from operating activities for the first three quarters of 2023 was CNY 3,378,064,572.17, up from CNY 1,111,475,654.87 in the same period of 2022, indicating improved cash generation[69] - The company generated CNY 6,557,151,147.82 in cash from sales and services in the first three quarters of 2023, compared to CNY 3,745,519,394.75 in the same period of 2022, indicating strong revenue collection[69] - The cash and cash equivalents at the end of the third quarter of 2023 amounted to ¥202,755,533.96, compared to ¥195,142,346.56 at the end of the same period in 2022[86] Hotel Operations - The RevPAR for the direct-operated economy hotels was ¥157, a 58.6% increase year-on-year, with an occupancy rate of 73.0%, up 8.8 percentage points[4] - The RevPAR for franchised hotels was ¥172, a 59.6% increase year-on-year, with an occupancy rate of 77.3%, up 10.6 percentage points[4] - In Q3 2023, the company's RevPAR (Revenue per Available Room) for all hotels excluding light management hotels was 208 RMB, an increase of 64.0% year-on-year, and exceeded the 2019 level by 16.6%[25] - The RevPAR for all hotels in Q3 2023 was 185 RMB, a 58.6% increase year-over-year, with an average room rate of 258 RMB, up 34.3%[42] - The occupancy rate for all hotels in Q3 2023 was 71.5%, an increase of 10.9 percentage points compared to the same period last year[42] - The total number of hotel rooms as of September 30, 2023, was 484,665 across 6,242 hotels, with 1,654 mid-to-high-end hotels accounting for 26.5% of the total[32] - The company opened 337 new hotels in Q3 2023, with 94 being mid-to-high-end hotels, representing 38.9% of the new openings[27] - As of September 30, 2023, the total number of hotels operated by the company reached 1,906, with 1,610 in the economy segment and 1,654 in the mid-to-high-end segment[33] Financial Position - The total assets at the end of the reporting period were ¥25,448,187,601.16, a decrease of 0.64% from the previous year[13] - As of September 30, 2023, the company's current assets totaled approximately CNY 3.57 billion, an increase from CNY 3.39 billion as of December 31, 2022[57] - The company's total liabilities decreased to CNY 14.18 billion from CNY 14.84 billion year-over-year[60] - The total equity attributable to shareholders increased to CNY 11.02 billion from CNY 10.55 billion year-over-year[61] - The company’s total assets amounted to CNY 25.34 billion, slightly down from CNY 25.51 billion year-over-year[61] Investment and Expenses - Research and development expenses increased to CNY 49,216,981.57 in the first three quarters of 2023, compared to CNY 40,162,915.68 in the same period of 2022, reflecting a focus on innovation[62] - The company’s financial expenses decreased to ¥18,460,542.19 in the first three quarters of 2023 from ¥34,878,237.22 in the same period of 2022, reflecting improved cost management[82] - The company’s investment income increased to ¥15,013,527.52 in the first three quarters of 2023, up from ¥8,827,238.30 in the same period of 2022, indicating better performance in its investment portfolio[82] - The company’s sales expenses rose to ¥3,893,313.75 in the first three quarters of 2023, compared to ¥2,055,676.19 in the same period of 2022, reflecting increased marketing efforts[82]